Commission Directive 2006/29/EC of  8 March 2006  amending Directive 2000/12/EC of the European Parliament and of the Council as regards the exclusion or inclusion of certain institutions from the scope of application
Date: 2006-03-08
Institutions: European Commission
Subjects: credit institution, economic analysis, provision of services

L 70/50

EN

Official Journal of the European Union

9.3.2006

COMMISSION DIRECTIVE 2006/29/EC

of 8 March 2006

amending Directive 2000/12/EC of the European Parliament and of the Council as regards the
exclusion or inclusion of certain institutions from the scope of application

THE COMMISSION OF THE EUROPEAN COMMUNITIES,

HAS ADOPTED THIS DIRECTIVE:

Having regard to the Treaty
Community,

establishing the European

Article 1

The fourth indent of Article 2(3) of Directive 2000/12/EC is
replaced by the following:

Having regard to Directive 2000/12/EC of
the European
Parliament and of the Council of 20 March 2000 relating to
the taking up and pursuit of
insti-
tutions (1), and in particular Article 60(2) thereof,

the business of credit

‘— in Denmark, the “Dansk Eksportfinansieringsfond”, the
“Dansk Landbrugs

“Danmarks
Skibskreditfond”,
Realkreditfond”, and the “KommuneKredit”,’.

the

Whereas:

Article 2

The sixth indent of Article 2(3) of Directive 2000/12/EC is
replaced by the following:

(1)

(2)

(3)

(4)

Article 2(3) of Directive 2000/12/EC lists those insti-
tutions explicitly excluded from the scope of application
of the Directive.

The Danish Ministry of Economic Affairs and the Danish
Ministry of the Interior and Health has requested the
Mortgage Credit Association of Municipalities (Kommu-
neKredit) to be taken up into the list of Article 2(3) of
Directive 2000/12/EC thereby excluding KommuneKredit
from the scope of the Directive. A review of the legal
status and the particular structure of KommuneKredit
justifies inclusion in Article 2(3).

The Finnish Ministry of Finance renewed its request to
replace the listing of Kera OY/Kera Ab with that of
FinnveraOyj/Finnvera Abp in Article 2(3). Finnvera Plc
is a result of the merger of Kera Plc and the Finnish
Guarantee Board. Finnvera Plc carries on the same
activities as its predecessor Kera Plc.

The Greek Ministry of Economy and Finance has
requested the deletion of Elliniki Trapeza Viomichanikis
Anaptyxeos and Tachidromiko Tamieftirio from the list
of exclusions under Article 2(3). The former has ceased
to exist after merging with a commercial bank and the
latter will operate as an authorised credit
institution
according to Directive 2000/12/EC,

‘— in Greece,

the “Ταμείο Παρακαταθηκών και Δανείων”

(Tamio Parakatathikon kai Danion),’.

Article 3

The fourteenth indent of Article 2(3) of Directive 2000/12/EC is
replaced by the following:

‘— in Finland, the “Teollisen yhteistyön rahasto Oy/Fonden
“Finnvera
samarbete AB”,

and the

för
industriellt
Oyj/Finnvera Abp”,’.

Article 4

Member States shall bring into force the laws, regulations and
administrative provisions necessary
to comply with this
Directive by 30 June 2006 at the latest. They shall forthwith
inform the Commission thereof.

When Member States adopt those provisions, they shall contain
a reference to this Directive or be accompanied by such a
reference on the occasion of their official publication. Member
States shall determine how such reference is to be made.

Article 5

(1) OJ L 126, 26.5.2000, p. 1. Directive as last amended by Directive

2005/1/EC (OJ L 79, 24.3.2005, p. 9).

This Directive shall enter into force on the 20th day following
its publication in the Official Journal of the European Union.

9.3.2006

EN

Official Journal of the European Union

L 70/51

This Directive is addressed to the Member States.

Article 6

Done at Brussels, 8 March 2006.

For the Commission

Charlie McCREEVY
Member of the Commission